First Quadrant L P CA Acquires New Holdings in Marsh & McLennan Companies, Inc. (MMC)

First Quadrant L P CA acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 64,756 shares of the financial services provider’s stock, valued at approximately $5,427,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carroll Financial Associates Inc. grew its holdings in Marsh & McLennan Companies by 21.8% during the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 233 shares during the period. Tompkins Financial Corp grew its holdings in Marsh & McLennan Companies by 10.9% during the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 135 shares during the period. Acrospire Investment Management LLC acquired a new position in Marsh & McLennan Companies during the second quarter valued at approximately $109,000. Grove Bank & Trust grew its holdings in Marsh & McLennan Companies by 5.6% during the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 85 shares during the period. Finally, CWM LLC grew its holdings in Marsh & McLennan Companies by 0.7% during the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 84.78% of the company’s stock.

Several research analysts have recently weighed in on MMC shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, August 18th. Citigroup Inc. upped their price target on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, BidaskClub cut shares of Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.75.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.10%.

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In other news, Director Marc D. Oken acquired 1,235 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $80.89 per share, for a total transaction of $99,899.15. Following the purchase, the director now owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP E Scott Gilbert sold 30,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the sale, the senior vice president now owns 68,427 shares in the company, valued at $5,290,091.37. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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